The European Commission’s Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) has issued a list of Level 2 regulations that have been deemed “non-essential” and will therefore be deprioritised.
This list includes the Delegated Acts on sector-specific ESRS, sustainability reporting standards for listed SMEs (LSME) and sustainability reporting standards for companies based outside of the EU.
The Delegated Act on the standard for non-EU companies was due to be adopted in 2026. However, according to the DG FISMA list, it will not be adopted before October 2027.